792
792
Dec 26, 2012
12/12
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WBAL
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leaders there will have to come up with a compromise to avert the tax hikes and spending cuts set to go into effect during the first of the year. president obama had been working with house speaker john boehner, trying to get a big deal, but talks fell apart. so hopes for that have all but faded, the president conceding he would accept a smaller measure as long as it includes taxes going up on the wealthiest americans. if the country goes over the cliff, economists warn it could be dire. the average american would wind up paying about $2,000 more in taxes and eventually, savannah, if we go over the cliff and stay there, the economy could dip back into recession. now, lawmakers are also headed back to d.c. in fact, the senate is back in session tomorrow. savannah? >> short holiday. lot of work to do. kristen welker in honolulu. thank you. willie? >>> former president george h.w. bush spent his christmas in a hospital after a series of setbacks delayed his release. janet shamlian is there for us. good morning. >> reporter: willie, good morning to you. doctors had hoped to speend the fo
leaders there will have to come up with a compromise to avert the tax hikes and spending cuts set to go into effect during the first of the year. president obama had been working with house speaker john boehner, trying to get a big deal, but talks fell apart. so hopes for that have all but faded, the president conceding he would accept a smaller measure as long as it includes taxes going up on the wealthiest americans. if the country goes over the cliff, economists warn it could be dire. the...
123
123
Dec 28, 2012
12/12
by
WRC
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president obama meets with congressional leaders this afternoon. white house is denying reports to send a scaled back plan to congress. a deal at this point would probably extend bush era tax cuts for most americans and raise taxes on the country's top earners. it could also include an extension of long-term unemployment benefits, spending cuts would also be postponed. house speaker john boehner will be at the meeting today. the house will convene for a rare sunday evening session. house majority leader eric cantor says the house could be in session until january 2nd, the day before the new congress is sworn in. boehner, meanwhile, maintains that it's up to the senate to act first. >>> millions of americans may watch the ball drop new year's eve in times square, but a group of democrats is organizing its own ball drop on capitol hill. they'll launch their countdown today. their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal to avoid the fiscal cliff. >>> new this morning, iran's state te
president obama meets with congressional leaders this afternoon. white house is denying reports to send a scaled back plan to congress. a deal at this point would probably extend bush era tax cuts for most americans and raise taxes on the country's top earners. it could also include an extension of long-term unemployment benefits, spending cuts would also be postponed. house speaker john boehner will be at the meeting today. the house will convene for a rare sunday evening session. house...
380
380
Dec 29, 2012
12/12
by
WBAL
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with steep tax hikes and deep spending cuts looming, president obama used the power of his office to turn up the pressure on congress, making a quickly arranged appearance in the white house briefing room friday. >> the hour for immediate action is here. it is now. i'm modestly optimistic that an agreement can be achieved. >> reporter: the president repeatedly tapping into the public's frustration to bolster his argument. >> the american people are not going to have any patience for a politically self-inflicted wound. ordinary folks, they too their jobs. the notion that our elected leadership can't do the same thing is mind-boggling to them and needs to stop. >> reporter: the stern words came on the heels of an hour-long meeting with congressional leaders. sources close to the talks say mr. obama gave lawmakers two options. either come up with a bill that can pass both houses or allow a vote on his plan which among other things would extend unemployment benefits and tax breaks for those making $250,000 or less while allowing rates to raise on wealthier americans. something many repub
with steep tax hikes and deep spending cuts looming, president obama used the power of his office to turn up the pressure on congress, making a quickly arranged appearance in the white house briefing room friday. >> the hour for immediate action is here. it is now. i'm modestly optimistic that an agreement can be achieved. >> reporter: the president repeatedly tapping into the public's frustration to bolster his argument. >> the american people are not going to have any...
115
115
Dec 31, 2012
12/12
by
CSPAN
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it's expected to go up over $22 trillion before president obama leaves office. fact number two, washington's problem is not revenue. it's uncontrolled spending. fact number three, in less than 14 hours, automatic tax hikes will give washington more money to spend. fact number four, the nonpartisan congressional budget office says these automatic tax hikes threaten to put us back into another recession. fact number five, the house has done its job to avoid this crisis by passing a bipartisan bill to stop the tax hikes. fact number six, the senate, with the president's approval, has refused to take up this bill. and fact number seven, we've done our job in the house. it's time for the senate to do their job before the clock strikes midnight. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from new york rise? >> to address the house for one minute. the speaker pro tempore: without objection. mr. higgins: mr. speaker, at midnight tonight the budget control act of 2011 and sequestration will trigger spendin
it's expected to go up over $22 trillion before president obama leaves office. fact number two, washington's problem is not revenue. it's uncontrolled spending. fact number three, in less than 14 hours, automatic tax hikes will give washington more money to spend. fact number four, the nonpartisan congressional budget office says these automatic tax hikes threaten to put us back into another recession. fact number five, the house has done its job to avoid this crisis by passing a bipartisan...
105
105
Dec 28, 2012
12/12
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CSPAN
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obama ran on we're not raising taxes. now, income is a weird thing. i mean, look, i can make $250,000 in income as a working person and my taxes will go up. but if i was mitt romney the ex-presidential loser who made $15 million based on -- what is it tax deferred investments then my taxes won't go up a bit. the republican party is not interested in helping this country they are helping a narrow sliver. >> we're going to leave it there. we're going to keep continuing coverage bringing you updates from the white house or the floor of the capitol. we heard from president obama earlier from the white house briefing room. we're going to take a look at his comments now on the fiscal cliff and the prospects for a deal going forward. >> good afternoon, everybody. for the past couple of months i've been working with leaders from both parties to try to forge an agreement that will grow our economy and shrink the deficit. a balanced plan that will cut spending in a responsible way but also ask the wealthiest americans to pay a little more. above all, avoid the
obama ran on we're not raising taxes. now, income is a weird thing. i mean, look, i can make $250,000 in income as a working person and my taxes will go up. but if i was mitt romney the ex-presidential loser who made $15 million based on -- what is it tax deferred investments then my taxes won't go up a bit. the republican party is not interested in helping this country they are helping a narrow sliver. >> we're going to leave it there. we're going to keep continuing coverage bringing you...